National Co for Learning and Education (SAU:4291) Momentum Rank : 0 (As of May. 16, 2024)

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What is National Co for Learning and Education Momentum Rank?

National Co for Learning and Education has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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National Co for Learning and Education (SAU:4291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » National Co for Learning and Education (SAU:4291) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Prince Majid Bin Abdul Aziz Street, P.O. Box 41980, Al Nozha Neighborhood, Al Rayyan District, Riyadh, SAU, 11531

Website

https://www.edu.com.sa

National Co for Learning and Education is a provider of educational and learning services based in Riyadh, Saudi Arabia. It is engaged in ownership, establishment and management of private schools for general education (pre-university) in addition to investment in sport and entertainment along with sport clubs for school students. The company offers educational complexes that accommodate more than 15 thousand students, distributed in all stages from kindergarten, primary, intermediate and high school, according to the national curriculum and international curricula, with scientific laboratories on one hand, and entertainment facilities and sports clubs on the other hand. The company's business segments include Al-Rayan schools, Al-Rawabi schools, Al-Nuzha schools among others.

National Co for Learning and Education (SAU:4291) Headlines

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